Arkansas Insurance Adjuster Practice Exam

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Prepare for the Arkansas Insurance Adjuster Exam with flashcards and multiple choice questions, each offering hints and explanations. Equip yourself for your test confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

How much indemnification will Scott receive for the loss of his mobile home under his flood policy with a limit of $28,000?

$15,000
$25,700
$22,500
$28,000

The correct answer is: $22,500

Scott will receive $22,500 for the loss of his mobile home. This may seem less than the limit of $28,000 stated in the policy, but it is important to note that the limit is the maximum amount of coverage provided, not necessarily the amount that will be paid out. In this case, it is possible that the cost of replacing the mobile home was lower than the limit, resulting in a lower payout. The other options are incorrect because A is too low, B is close but not quite the correct amount, and D is the limit but not necessarily the amount that will be received.